SHOPPING CENTRE UPDATE
Hamat Holding Announces New Expansions in 2022
T
he maturity of the Saudi real estate market and the dynamics of the economic scene in the country led to a state of correction that resulted in the emergence of specialized commercial property management companies, most notably for the major commercial centers. Upon a strategic alliance between the specialized Saudi companies in the field, the year 2012 witnessed the birth of Hamat Holding Company as one of the key players in the field of Commercial Centers’ development, management, and operation in the Kingdom. Hamat Holding relies on a long professional legacy that is the product of an alliance of giant economic entities that have an influential record in the area’s economy movement, which enabled it to generate mature and integrated visions and goals to be one of the largest companies specialized in managing and operating commercial centers. Both malls’ tenants and owners feel the importance of specialized management by a company with potential and
RETAIL PEOPLE . FEB - APR 2022
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an ambitious desire to move forward in the paths of success. Through even a quick reading of the brand names that have showrooms and stores in Hamat Malls, it becomes clear the extent of the specialized management impact in serving large and upscale brands that preferred to partner with an entity that operates through an approach. From Abha and Jazan in the far south of Saudi Arabia to Tabuk in the north, to Jeddah, Madinah, and the eastern region, to Riyadh, the malls and plazas managed and operated by Hamat Holding are spread and distributed through a well-thought-out vision that takes into account the demographic aspects of the population in the vast Saudi cities. This expansion meets the need of retail stores and major brands in order to be present in most of the Kingdom cities to achieve its plans for expansion. Through the specialized work team, and technical and professional methods, Hamat Holding was able to own all these records of continuous expansion.
